Trump says he has 'a lot more to do' on China trade

Javier Moore |Friday, October 12, 2018

Trump warns there is 'a lot more' he can do to China

Export numbers have been buoyed by producers rushing to fill orders before American tariffs rose, but they also benefit from "robust USA demand" and a weaker Chinese currency, which makes their goods cheaper overseas, said Louis Kuijs of Oxford Economics in a report.

Communist officials have ordered companies to stop buying American soybeans - the biggest US export to China - and find alternative suppliers and export markets for other goods.

The volume of exports from China to Russian Federation has grown by nearly 13 percent, exceeding $35 billion.

Analysts said last month's strong export growth - which might indicate US tariffs are not biting much yet - is unlikely to be sustained.

"The big picture is the Chinese exports have so far held up well in the face of escalating trade tensions and cooling global growth, most likely thanks to the competitiveness boost provided by a weaker renminbi (yuan)", said Julian Evans-Pritchard, China economist at Capital Economics.

Lowered manufacturing output reported at the end of September in China indicates that the tariffs may be starting to bite Beijing.

"The front-loading impact is quite obvious to me", said Betty Wang, senior China economist at ANZ in Hong Kong.

"If that's the case then I think further downside risk can be expected in the fourth quarter", Wang said.

"They want to negotiate, they want to negotiate badly, but I told them, 'You're not ready yet". Imports of Russian goods surged by around 40 percent to $42 billion, said the customs service.

Indeed, analysts expect the trade imbalance to continue to widen over the next few months before the next round of American tariffs kick in, in no small part because the divergence in consumer demand in the two countries.

China's trade surplus with the United States was $225.79 billion from January-September.

Growth in China's factory sector in September stalled after 15 months of expansion, with export orders falling the most in more than two years, a private business survey showed.

Imports of American goods increased 9 percent to $12.6bn, down from 11.1 percent.

The president and Vice President Mike Pence in recent weeks have also accused Beijing of trying to meddle in November's midterm elections to hurt Trump because he is putting pressure on China over trade.

Russian Space Crew Makes Emergency Landing
But something went wrong minutes after liftoff , sending the Soyuz capsule into a ballistic re-entry, NASA officials said. The launch was proceeding normally until the first mention of booster failure at about the 3:30 mark.

Air India flight hits airport wall before take-off
Ganesh Babu who has flying experience on the B 737 aircraft of 3600 hours including about 500 hours as Commander. The pilot however continued to operate the aeroplane saying the systems were operatinf normally.

Stardew Valley Coming to iOS this Month
Stardew Valley is now available for PlayStation 4 , PS Vita, Xbox One, Nintendo Switch , and PC. The mobile port is being developed by The Secret Police, a mobile studio out of London.

Kanye West Hugs President Trump During White House Visit
The two men were getting ready for lunch with National Football League great Jim Brown , Ivanka Trump , and Jared Kushner . On Trump's support from African Americans: "Blacks really get caught up in the idea of racism over the idea of industry".

"More Important Things" On Her Mind Than Husband’s Sex Life
The first lady's communications director fired back at Giuliani at the time, telling CNN in a statement, "I don't believe Mrs. Her comments came in the latest installment of an interview conducted while Melania Trump was on a solo trip to Africa. "Yes.

Channing Tatum and Jessie J spark dating rumours
Back in April when they ended things, they released the following joint statement: 'We've lovingly chosen to separate as a couple. The news came via Us Weekly , who said that the couple have been together for the past few months.